TaxTMI 
TaxTMI 
Non-Investment of NPS Fund
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....on-Investment of NPS Fund <br>News and Press Release<br>Dated:- 16-12-2011<br><BR>Press Information Bureau Government of India Ministry of Finance 16-December-2011 18:57 IST A total amount of Rs. ....
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....971.48 crore, collected towards contribution for Government employees, from 2004 to March 2008, under the New Pension System (NPS), was credited to the Public Account of India. The institutional arch....
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....itecture for NPS could not be operationalised by the Interim Pension Fund Regulatory and Development Authority (PFRDA). Therefore, the contribution for the Government employees under the NPS could not....
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.... be invested in the market. The funds were credited to Public Account and interest @ 8% p.a. was paid on the contribution. The establishment of institutional architecture by the PFRDA, based on obje....
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....ctive and financial criteria, took some time, therefore, the question of conducting an enquiry does not arise. The interest @ 8% p.a. was paid on the contribution by the Government. This information....
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.... was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Lok Sabha today. DSM/Hb<BR> News - Press release - PIB....